I hope you can now see how Techm represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be assumed...
NSE:TECHM techM long positon just for practice
Go long around 788 Targets based on fibo SL of 778 (ENTRY STRICTLY after breaking above Inside Bar)
Techmahindra looking good for long position Target- 842 stop loss-744
Buy Tech Mahindra @ CMP of 726 Target - 736, 746 SL - 716 (Resistance at 730 - 732.2 Zone) Stock is moving in up trending channel. Expecting continuation of trend after retracement. Trading near trend line & Moving average support.
It we look at the 30 MIN graph, a lower trendline seems to be forming. This line has been respected many times. This week's trend shows breakdown of that trendline. Go for SHORT if you want to trade in intraday. If the price falls, you can go for a position trade when the price reaches down to 700-698.
Stock of Tech M is in very bullish mode & Bo has been done today above the level of 700. Now long entry can be taken above the level of 725 for the next target of 742 with the SL of 710. If stock able to cross the level of 745 successfully then we can see more strength. So add the stock in your watch list to see the price action movement of the stock. Always do...
You can simply use these trendlines and trade. Buy at support and hold for 4 to 5 days.
bullish trend seen Disclaimer: for self study and education only
Stock of Tech mahindra is on bullish mode & long entry can be taken after the TL broken above the level of 668 for the next target price of 702 with the SL of 648. The stock is also forming the positive divergence is another sign of strength. All important levels are marked on the charts for your understanding. so add the stock in your watch list to see the price...
Guys Techm looking breakout and 700 may test as per trend line short at the levels of 700 as per harmonics
wait for the price to take support
clearly, we can see after the BO level of 630 stock has sustain very well & closing of the day is above the level. So now once again after the BO level of 655 we can take long entry for the target price of 670 & after 680 we can clearly see the 715 levels in the stock. but in case of weak global sentiment this stock can go in bearish mode. So the best practice...
I hope you can now see how TECHM represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...